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Inequality, Income Growth, and Mobility: The Basic Facts

Gottschalk, Peter·1997·Journal of Economic Perspectives

Abstract

This essay brings together the factual material on changes in the distribution of labor market income that any of the theories addressed in the other papers in this symposium must address. The broad stylized facts are that the rapid growth and stable level of inequality of both total family income and individual labor market that marked the postwar period came to an end during the 1970s. Real mean earnings grew very little but inequality of earnings rose substantially. This reflected increases both in inequality between education and experience groups and within groups. Mobility showed little change over this period.

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Metadata

Authors
Gottschalk, P.
Venue
Journal of Economic Perspectives
Published
1997-05-01
Volume
11
Issue
2
Pages
21-40
ISSN
0895-3309 (ISSN-L)
OpenAlex
W2145650389
Cited by
544
References
1
FWCI
105.65
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Inequality, Income Growth, and Mobility: The Basic Facts. https://app.cochat.ai/papers/10.1257/jep.11.2.21
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Gottschalk, P. (1997). Inequality, Income Growth, and Mobility: The Basic Facts. Journal of Economic Perspectives. https://doi.org/10.1257/jep.11.2.21

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.